. - Finding tenants- Managing contractors- Dealing with stupid house problems- Doing any DIY handy stuff- Dealing with attorneys, realtors, accountants...insert profession here- Fighting with appraisers and inspectors- Dealing with picky buyers who are worried about that tiny crack in the basement and pull out of a deal because they think they see mold...turns out it's not- Wholesalers who suck...List goes on!

There’s tons of ways to get to the end result, I was merely pointing out that with his cash saved he would be better to spend that doing a larger multi family deal then doing a bunch of tiny single family homes.  

97% of the general population are not real estate investors and of the tiny 3% that are , only a small percentage actually own more than one property .

I deal with very large quantities of data, over 75GB currently, and to this point Windows/MS has more than proved that it cannot handle large volumes of data. 

I’ll need some time to rebuild my credit, build relationships with lenders/re investors, grow financial iq, and increase my income through other ventures.I’d like to end up living in a tiny home on a few acres that I own, growing my groceries and possibly hemp!

Alot of people only care about the COC return, meaning they’ll take a tiny amount of cashflow if it’s high relative to the amount invested.

Aside from the responses above regarding the bank likely requiring the 20% funds to be yours, good luck finding any private lender willing to take a second position note on a 100% LTV for any %, let alone a tiny 3%.Now, banks do, at times, allow seller carried back seconds, but unlikely with no skin in the game from the borrower.

My first few connections in REI came from your meetup and I can't quantity how much they have helped me launch my investing journey.I'm excited to see what crazy milestones you'll reach this year.

The original mortgage was 144,000 and I heard that the junior mortgage falls off [it was a tiny 32K].

I don’t want to post a link to the tiny-duplex listing I mentioned because I don’t want it to look like I’m attacking anyone or belittling another agent/owner/listing.